UA Med School Impacts Downtown
UA’s downtown Phoenix campus makes $961M impact
A report released by Tripp Umbach indicates the economic impact of The University of Arizona’s downtown Phoenix campus in 2013 was $961 million. The Tripp Umbach report outlines the impact of the health science colleges and the surrounding academic campus as defined by the city of Phoenix master plan that includes education, research and clinical facilities over a 28-acre area.
Among the findings:
• The economic impact of the overall biomedical campus in downtown Phoenix in 2013 was nearly $1.3 billion, of which $961 million is attributed to the UA College of Medicine – Phoenix presence.
• In 2013, the academic medical center accounted for 9,355 direct and indirect jobs. The UA College of Medicine – Phoenix is responsible for 7,185 of those jobs.
• The academic medical center generated more than $56.5 million in state and local government revenues in 2013 as a result of operational, employee and visitor spending. Of that total, $44.5 million is attributable to the UA College of Medicine – Phoenix.
• The estimated economic impact of the academic medical center will reach $3.1 billion by fiscal year 2024-25.
The report was commissioned by the UA College of Medicine – Phoenix and the City of Phoenix.
The Biosciences Partnership Building is the latest development in the steady expansion of the downtown Phoenix campus and emerging academic medical center. In 2012, the award-winning Health Sciences Education Building opened, housing health education for both the UA and Northern Arizona University. Construction continues on The UA Cancer Center at Dignity Health St. Joseph’s. The cancer center, a 220,000-square foot outpatient and research facility, is scheduled to be completed in 2015.
